New Environmental Protection Tax Law - Q&A Session with Guangdong Local Taxation Bureau 新环境保护税法——与广东省地方税务局的问答对话
On 25 December 2016, the Standing Committee of China’s National People’s Congress adopted China’s first Environmental Protection Tax Law (the Law). The Law is poised to replace the existing pollutant discharge fee system with a pollution tax as the main economic tool regulating environmental pollution by businesses in China. This historic development is expected to have sweeping impacts on enterprises’ compliance with China’s environmental regulations.